time for a lesson on WTF a SIV really is.....
"OFFSHORE" hmmmmmmm.......
SIVs are typically offshore companies created by banks and other firms to sell low-yielding short-term debt, using the proceeds to buy higher-yielding securities, backed by subprime mortgages, credit card receivables and finance company bonds and other assets.
"OFFSHORE" hmmmmmmm.......
SIVs are typically offshore companies created by banks and other firms to sell low-yielding short-term debt, using the proceeds to buy higher-yielding securities, backed by subprime mortgages, credit card receivables and finance company bonds and other assets.